BitShares Established The Trend

BitShares showing some very strong growth recently, rising from $0.04 up to $0.18, while gaining 350% over the USD. While moving up it broke above the 200 Moving Average and the upper trendline of the descending channel .

The corrective wave followed and yesterday it rejected the 327.2% Fibonacci support level at $0.12, applied to the corrective wave after the breakout of the Moving Average.

The trend remains heavily bullish and is very likely to continue. The upside target is at $0.22-0.23 which is confirmed by multiple Fibonacci levels. Another wave up form the current price $0.14 should be expected from BTS/USD, resulting in a potential growth of 60%. At the same time the correction down towards support at $0.12 can be expected and it the worst case scenario BitSahres could go back to test the 200 Moving Average. Although at this point such a correction seems unlikely.

Komen: Getting close to the target

Komen: Looking very good, should go above the target, one of my top choices now

Komen:

Dagangan ditutup: sasaran tercapai: First target reached, now will likely to move higher as the resistance was broken

Komen: $0.38 is the resistance, could correct now

Komen: resistance broken, looks like more up